UK energy supplier switching at three-year high

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The number of British energy users switching their supplier rose to a three-year high last month, official statistics showed on Monday, as consumers faced with rising prices shop around for a better deal.

Household energy costs have shot to the top of the political agenda in Britain after suppliers announced hefty price increases and the opposition Labour party promised to freeze bills if elected.

British consumers have seen their bills grow 30 percent in six years due to more expensive commodity prices, government levies to support renewable energy and social programmes and

The government has said consumers can save around 200 pounds by switching to a lower-priced competitor.

Around 614,000 consumers switched supplier last month, the most in three years and double the number seen in October, data published by the association Energy UK showed.

“125,000 of those switching were changing to a company outside of the six largest energy suppliers,” the association said in a statement. Those six suppliers cover around 98 percent of the retail market.

via UK energy supplier switching at three-year high | Reuters.

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